DBRS Assigns Provisional Rating of AAA to CPPIB Capital Inc.’s EUR Series 3 Fixed Rate Notes

DBRS Limited (DBRS) has today assigned a provisional rating of AAA with a Stable trend to the proposed euro-denominated Series 3 Fixed Rate Notes (the Series 3 Notes) to be issued by CPPIB Capital Inc. (CPPIB Capital). CPPIB Capital is a wholly owned subsidiary and principal funding vehicle of Canada Pension Plan Investment Board (CPPIB; rated AAA with a Stable trend by DBRS). The Series 3 Notes are unconditionally and irrevocably guaranteed by CPPIB and rank pari passu with all other present and future unsecured and unsubordinated indebtedness of CPPIB Capital.

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The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The principal methodologies are Rating Canadian Public Pension Funds & Related Exclusive Asset Managers and Structured Finance Flow-Through Ratings, which can be found on our website under Methodologies.